Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report)'s share price was up 11.9% during mid-day trading on Wednesday . The company traded as high as $1.74 and last traded at $1.74. Approximately 169,020 shares were traded during trading, a decline of 76% from the average daily volume of 706,062 shares. The stock had previously closed at $1.55.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group dropped their target price on shares of Advantage Solutions from $5.50 to $3.50 and set a "buy" rating for the company in a research report on Tuesday, March 11th.
Read Our Latest Analysis on Advantage Solutions
Advantage Solutions Stock Performance
The company has a 50-day simple moving average of $2.40 and a two-hundred day simple moving average of $2.98. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $565.68 million, a P/E ratio of -4.29 and a beta of 1.66.
Institutional Investors Weigh In On Advantage Solutions
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADV. Barclays PLC boosted its holdings in shares of Advantage Solutions by 318.7% during the 3rd quarter. Barclays PLC now owns 166,024 shares of the company's stock valued at $570,000 after buying an additional 126,375 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Advantage Solutions by 116.8% in the third quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company's stock worth $1,109,000 after acquiring an additional 174,220 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Advantage Solutions by 23.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,941 shares of the company's stock worth $669,000 after acquiring an additional 36,547 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Advantage Solutions by 6.5% in the fourth quarter. Rhumbline Advisers now owns 162,734 shares of the company's stock worth $475,000 after acquiring an additional 9,980 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Advantage Solutions by 14.8% during the third quarter. Principal Financial Group Inc. now owns 55,207 shares of the company's stock valued at $189,000 after acquiring an additional 7,114 shares in the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.
Advantage Solutions Company Profile
(
Get Free Report)
Advantage Solutions Inc provides business solutions to consumer goods manufacturers and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; and brand-centric merchandising services.
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